'Completely misguided’
NZPA London The Australian Government’s decision to devalue its dollar was “completely misguided,” said the editor of the respected financial journal, the “International Currency Review,” last evening. Asked to comment on the decision, the editor, Mr Christopher Story', said he felt that it would be a “severe setback to the Government’s policies.” The August budget had been formulated on the assumption that there would be no change in the dollar parity, Mr Story’ said. Devaluation would exacerbate inflation and would be “a step on a slippery, downhill path.”
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Press, 29 November 1976, Page 6
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90'Completely misguided’ Press, 29 November 1976, Page 6
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